November 9, 2001 Daily Bankruptcy News

November 9, 2001 Daily Bankruptcy News Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet Also available on the Web (with links to the news stories) at: http://bkinformation.com/News/DailyNews.htm Prior editions available at http://bkinformation.com/bankruptcy_news.htm

Judge shoots down seminal Fir Tree suit against Mpower (DBN Subscription Required) O'Melveny & Myers LLP Names Partner Ben Logan as the New National Leader For Its Business Reorganization and Restructuring Practice (DBN Subscription Required) Bankruptcy Reform: Forget Bankruptcy Reform, One Analyst Tells Credit Unions (DBN Subscription Required) ________________ Insurers Have $57 Billion Asbestos/Environ Shortfall (WSJ: separate paid subscription required) Federal-Mogul's DIP hearing reset (DBN Subscription Required) Bradlees tables liquidation plan (DBN Subscription Required) Judge calls off Giant ship auction (DBN Subscription Required) Wheland Automotive hits the skids (DBN Subscription Required) Power Utilities: PG&E to attack public power in court - Utility prepares all-out offensive if final vote backs S.F. initiative (DBN Subscription Required) Tally shows S.F. poised to operate its own water, power agency (DBN Subscription Required) Riordan says Davis blew it (DBN Subscription Required) _____________________ Ailing Enron hires J.P. Morgan, Salomon (DBN Subscription Required) Chattanooga, Tenn.-Area Mall Owners Face Looming Foreclosure (DBN Subscription Required) Sun Healthcare: Sun Healthcare sees light (DBN Subscription Required) Health Care Facility Operator Releases Plan to Emerge from Bankruptcy (DBN Subscription Required) _________________ Law Firm Restructuring: The Flexible Firm: A Win-Win Situation in Uncertain Times (DBN Subscription Required) __________________________ Loewen's reorganization plan gets support (DBN Subscription Required) Comdisco: Bankruptcy Court Judge to Issue Comdisco Ruling Friday (DBN Subscription Required) Comdisco: SunGard antitrust trial begins (DBN Subscription Required) Clockwork (DBN Subscription Required) Comdisco sale hearing extended - SunGard says HP violated bid rules (DBN Subscription Required) ___________________ Investors Buy Two Operations of Stark Brothers Nurseries (DBN Subscription Required) Albany, N.Y., Hotel Property Owes Bank More than $2 Million (DBN Subscription Required) Seattle: Downtown's icon Grill files for bankruptcy (DBN Subscription Required) Steel: Troubled Bethlehem Steel will stop some property tax payments (DBN Subscription Required) Bethlehem Steel Asks Union to Accept A 15% Reduction in Firm's Work Force (WSJ: separate paid subscription required) _____________________ Alaska: Borough to foreclose on Gateway Forest Products	Loewen plan wins preliminary creditor approval (DBN Subscription Required) Bankruptcy lawyer's career ends with sentence (DBN Subscription Required) Airlines: Canada 3000 opts for bankruptcy (DBN Subscription Required) Canada 3000 files for bankruptcy protection (DBN Subscription Required) Canada 3000: Bankruptcy protection restructures debt, but management has to alter operations (DBN Subscription Required) Canadian airline's destiny unknown (DBN Subscription Required) Rivals Move In on Sabena Turf (DBN Subscription Required) High Price Of Failure For Air Passengers (DBN Subscription Required) Saviors emerge for failing Ansett Airlines (DBN Subscription Required) Sun Country Airlines Is Looking for Buyer or Investors (DBN Subscription Required) Are Your Frequent Flyer Miles In Danger? (DBN Subscription Required) Future dim for small carriers (DBN Subscription Required) Sabena rescue bid runs into trouble (DBN Subscription Required) 2 Investors to Buy Ansett (DBN Subscription Required) Iberia's Mullor says company could go bankrupt (DBN Subscription Required) _____________________ Relief for USG (DBN Subscription Required) Dimac auction nears difficult end (DBN Subscription Required) Junk bond defaults rose to 9.5 pct in October (DBN Subscription Required) Borden Chemical seeking sale of plant (DBN Subscription Required) Restructuring . . . Net2Phone cuts 43 percent of workforce (DBN Subscription Required) ____________________ Telecoms: NextWave announces settlement (DBN Subscription Required) NextWave, U.S. Settle Mobile-Phone License Dispute (DBN Subscription Required) NextWave tells court wireless deal at hand (DBN Subscription Required) Bankrupt Nx Networks Announces New Chief Executive Officer (DBN Subscription Required) PwC fails to find Atlantic buyer (DBN Subscription Required) _____________________ Bankrupt Lancaster, Pa., Flooring Company Combines Two Units; Executive Exits (DBN Subscription Required) Clarent selling four hospitals (DBN Subscription Required) Payless Cashways to Liquidate Trucks, Trailers, Forklifts (DBN Subscription Required) FDIC's Data Fails to Clarify Credit Availability Debate (DBN Subscription Required) Aladdin Casino: Banks could take stake in London Clubs (DBN Subscription Required) Hawaii: Aquasearch gets date to contest bankruptcy (DBN Subscription Required) Dotcoms: Former Webvan Workers Sue Under WARN To Recover Wages, Benefits (WSJ: separate paid subscription required) _____________________ U.S. moves to bankrupt terrorists (DBN Subscription Required)	New Bankruptcy Opinions (1 new opinion today) Bankruptcy Jobs (DBN Subscription Required) Bankruptcy Court Web/Pacer Site Directory Bankrupt Airport Security Firm Relying on Congress to Solve Financial Woes (DBN Subscription Required) Washington Group: Raytheon, Washington Group International Agree to End All Pending Litigation (DBN Subscription Required) Washington Group Settles Bankruptcy Claims (DBN Subscription Required) ______________________ PowerBrief Voluntary Chapter 11 Bankruptcy Petition and 1st Meeting of Creditors (DBN Subscription Required) Ex-health care mogul to sell art, mansion to pay creditors (DBN Subscription Required) US Office Products Gets Disclosure Statement Approval (WSJ: separate paid subscription required) The party's definitely over for Silicon Valley - Worst slump in 50 years will be tough to pull out of (DBN Subscription Required) Korea: Lehman to hold Hanbo Steel auction (DBN Subscription Required) Former Daewoo Owner Hid Assets of W140 Bil (DBN Subscription Required) Daewoo fugitive assets uncovered (DBN Subscription Required) __________________ Argentina: Argentina Governors Strike Blow at Debt Plan (DBN Subscription Required) _______________________ Switzerland: Life Isn't Exactly Going Like Clockwork - A 'Rude Awakening' for the Swiss (DBN Subscription Required) ______________________ Japan: Bankrupt bosses 'sold' homes to wives (DBN Subscription Required) 4 ex-Chogin Tokyo executives arrested (DBN Subscription Required) ____________________ Canada: Alberta town rocked by fall of aerospace start-up: Residents lose savings: Outfit lays off staff, plans to file for receivership (DBN Subscription Required) Skeena, B.C. government win three months to close sales deal with Swiss firm (DBN Subscription Required) ___________________ China: Chinese Lawyers, Judges Prepare for WTO Fallout (WSJ: separate paid subscription required) _____________________ Hong Kong: ECIC pays out $57m on defaults - Claims the worst in 35 years (DBN Subscription Required) _____________________ England: Crashed bikes firm jobs blow (DBN Subscription Required) Liquidators named for failed pine firm (DBN Subscription Required) ___________________ Weather Forecast: Enter City, State, or Zipcode: